Norwegian Air Shuttle AS said a planned long-haul discount network operating out of London risks being stymied by U.S. opponents who claim a push to trim costs by basing planes in Ireland undermines labor standards.
Leo Varadkar, energy spokesman with Ireland’s largest opposition party, Fine Gael, said it’s his “expectation that” his party will “vote against” Ireland’s 85 billion-euro ($112 billion) international aid package on Dec. 15.
Irish Prime Minister Enda Kenny said his aim is become the first leader of his party to win two successive elections after clearing up an “unholy mess” in the economy he inherited from the previous government.
Ireland’s banks will pay about 800 million euros for the state banking guarantee in 2012, Tourism Minister Leo Varadkar said. In an interview with Dublin-based state broadcaster RTE, he said that while ideally the ECB would be the lender of last resort for banks, that’s currently not the case,
Aer Lingus Group Plc said it’s in touch with investors willing to buy stakes in the carrier as it seeks to fend off a 694 million-euro ($849 million) takeover bid from Irish discount rival Ryanair Holdings Plc.
Ryanair Holdings Plc’s 694 million- euro ($909 million) bid for Aer Lingus Group Plc was blocked by the European Union for a second time after regulators decided it would increase fares and reduce choice on flights from Ireland.